REG - BP PLC - Kate Thomson appointed bp CFO and joins board

BPAnnouncement

02/02/2024 12:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240202:nRSB8932Ba&default-theme=true

RNS Number : 8932B  BP PLC  02 February 2024

press release

 

 

2 February 2024

 

 

Kate Thomson appointed bp chief financial officer and joins board

 

 

The board of bp today announced that Kate Thomson has been appointed bp chief
financial officer and will join bp's board, both with immediate effect. Kate
has been interim chief financial officer since September 2023.

 

Helge Lund, bp chair commented: "I am delighted to confirm Kate's appointment
as CFO and welcome her to the board. She has a detailed understanding of bp
and the energy and finance sectors, combined with deep technical expertise.
Her record of finance leadership together with her performance as interim CFO
have clearly demonstrated her suitability to become bp's permanent CFO. The
board looks forward to working with Kate and Murray as we continue with the
execution of bp's strategy."

 

Kate Thomson said: "It's a privilege to become CFO and to join bp's board.
We've made great progress through the past few years in strengthening bp, and
I have no doubt this will continue. I'm excited about how we can continue to
drive bp's focus on delivery and growing value as we work towards hitting our
targets for 2025."

 

Before taking on the role of interim CFO, Kate had been bp's senior vice
president, finance for production & operations, responsible for the
financial stewardship of and commercial partnering with the business globally.
She has been with bp since 2004, previously holding a number of senior
financial roles, including group treasurer and group head of tax.

 

Before joining bp, Kate had worked in professional services firms including
with Ernst & Young in M&A tax and as group head of tax for Charter
plc. She has been a member of the board of Aker BP since 2016 and also serves
on the boards of a number of bp Group companies. She is a qualified chartered
accountant and is a member of the Institute of Chartered Accountants in
England and Wales (ICAEW).

 

Notes:

·       Kate Thomson's remuneration arrangements will include:

-   Annual salary of £800,000;

-   Provisions relating to bonus opportunity, bonus deferral and
performance shares in accordance with BP's 2023 remuneration policy as
approved by shareholders; and

- A cash allowance in lieu of pension equal to 20% of base salary, in
accordance with BP's 2023 remuneration policy and aligned with the majority
of the wider UK workforce.

·       There are no additional matters that require disclosure under
9.6.13R of the UK Listing Rules.

 

Further information:

bp press office, London: bppress@bp.com (mailto:bppress@bp.com) , 07831 095541

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAUUVARSVUURAR